Bacardi Limited Names New Chief Financial Officer

Bacardi Limited, the largest privately held spirits company in the world, today announces the appointment of Kevin F. McNamara as Senior Vice President and Chief Financial Officer (CFO), responsible for its global financial operations. (Photo:` Business Wire)

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Bacardi Limited, the largest privately held spirits company in the world, today announces the appointment of Kevin F. McNamara as Senior Vice President and Chief Financial Officer (CFO), responsible for its global financial operations. (Photo:` Business Wire)

HAMILTON, Bermuda--(BUSINESS WIRE)--Bacardi Limited, the largest privately held spirits company in the
world, today announces the immediate appointment of Kevin F. McNamara,
47, as Bacardi Limited Senior Vice President and Chief Financial Officer
(CFO), responsible for global financial operations. Mr. McNamara
succeeds Joseph J. Schena, 55, who left the company for another
opportunity.

Mr. McNamara most recently served as Corporate Controller for Bacardi
and oversaw the day-to-day activities of the global Finance function
including leading the implementation of new planning, reporting and
consolidation tools and establishing the Company’s global shared
services center. Mr. McNamara joined Bacardi in March of 2013 with more
than 25 years of leadership in strategic and financial planning,
internal audit, supply chain, and treasury management.

Prior to Bacardi, Mr. McNamara served as Executive Vice President, Chief
Financial and Administration Officer for Centerplate, Inc., the largest
provider of food and merchandise services to sports stadiums, convention
centers, performing arts centers and attractions in North America. He
also served in various finance leadership roles at Procter & Gamble and
its subsidiaries.

“Bacardi prides itself of the caliber of its employees. The internal
appointment of Kevin continues to showcase the strong talent within the
Company,” said Michael J. Dolan, Chief Executive Officer of family-owned
Bacardi Limited. “I look forward to Kevin continuing his leadership in
providing guidance on our strategic long-term global accounting,
reporting and forecasting practices.”

As CFO, Mr. McNamara will be a member of the Bacardi Global Leadership
Team and remain based in the Company’s global headquarters in Hamilton,
Bermuda.

“I look forward to utilizing my experience as a senior financial
executive, coupled with a wealth of expertise in financial systems and
guiding strong management teams, to help Bacardi achieve even greater
financial success,” said Mr. McNamara.

Mr. McNamara will report to the CEO and also to a newly-created position
of EVP and Chief Administrative Officer (CAO), who will be named in the
next few months. The CAO will also be based at the Company headquarters
in Bermuda subject to approvals by the Bermuda Department of Immigration.

Mr. Schena joined Bacardi in 2012, bringing more than 30 years of
corporate finance experience to the role. During his time with Bacardi,
his passion for functional excellence helped drive a number of key
projects and priorities. “We thank Joe for his contributions to help
further strengthen our corporate and financial governance practices and
wish him well in his next endeavor,” said Mr. Dolan.

Bacardi Limited, the largest privately held spirits company in the
world, produces and markets internationally recognized spirits and
wines. The Bacardi brand portfolio comprises more than 200 brands and
labels, including BACARDÍ® rum, the world’s best-selling and
most-awarded rum, as well as the world’s most-awarded spirit; GREY
GOOSE® vodka, the world’s leading super-premium vodka; DEWAR’S® Blended
Scotch whisky, the world’s most-awarded blended Scotch; BOMBAY SAPPHIRE®
gin, the top-valued and fastest-growing premium gin in the world;
MARTINI® vermouth and sparkling wines, the world’s leading vermouth and
the world's favorite Italian sparkling wines; CAZADORES® 100% blue agave
tequila, one of the most popular premium tequilas in Mexico and the
United States; and other leading and emerging brands including WILLIAM
LAWSON’S®, the fastest-growing global Scotch whisky brand; ERISTOFF®
vodka, one of the fastest-growing vodka brands in the world; and
ST-GERMAIN®, a super-premium elderflower liqueur.

Founded more than 152 years ago in Santiago de Cuba on February 4, 1862,
family-owned Bacardi manufactures its brands at 29 facilities and sells
in more than 160 countries. Bacardi Limited refers to the Bacardi group
of companies, including Bacardi International Limited. www.BacardiLimited.com